Summit State Bank
CA
SBA-approved lender offering 7 loan programs across 5 industries.
Key Metrics
Interest Rate
9.00%
2.25% over prime
Average Loan
$1.5M
Per approval
Total Approvals
16
FY 2025
Loan Programs (7)
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
Preferred Lenders Program
Startup
New Business or 2 years or less
Fixed Rates
Industries Served (5)
Fitness and Recreational Sports CentersFull-Service RestaurantsHomes for the ElderlyHotels (except Casino Hotels) and MotelsSports and Recreation Instruction
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.25%
- Effective Rate
- 9.00%
- Fiscal Year
- 2025
- States Served
- CA
- Website
- www.summitstatebank.com
Ready to apply with Summit State Bank?
Let Cassian help you prepare your application and connect you with the right loan officer.